The Welsh Government has launched a new £15 million programme, the Wales Economic Growth Fund, designed to help businesses through the prevailing economic downturn.
The initiative is a short-term, fast-track fund for Welsh businesses, providing immediate access to non-repayable capital funding for investments that will create and retain employment opportunities.
A total of £15 million is available through the programme. The minimum funding level is £100,000.
Eligible expenditure can include new investment in capital assets (machinery, computer equipment, buildings etc). Intellectual property bought from a third party, professional fees and other one off costs related to the investment may also be eligible.
Revenue costs associated with the capital investment are also eligible.
Companies that have projects planned to improve productivity and create and maintain jobs may be eligible for support.
The deadline for receipt of applications is 31 January 2012.
For more details contact:
(Source: Grantfinder)
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